Commercial real estate advisor Avison Young and joint agents Area have been appointed to market the Lewis’s Building, one of Liverpool’s most historic Grade II-listed landmarks.

Situated on the corner of Ranelagh Street, the 320,195 sq ft building was opened in 1856 as Lewis’s, one of England’s first department stores, and has been partially redeveloped, with the remaining space offering significant opportunity for further development.

The building is currently occupied by the 126-bedroom Adagio aparthotel and PureGym, while a substantial amount of space remains vacant, including self-contained office facilities and large sections of the former Lewis’s store, offering scope for future uses including education, life sciences, hospitality, residential and student accommodation.

The property currently generates more than £800,000 in annual rental income, with Adagio Hotels’ lease running until 2043 and PureGym’s until 2032.

David Winterbottom, principal, capital markets at Avison Young, says: “The Lewis’s Building is an iconic cornerstone of Liverpool city centre, and we expect to see strong interest as this historic site comes to market.

“The property presents a truly unrivalled opportunity for mixed-use redevelopment, offering exceptional flexibility for a wide range of future uses. Positioned at the intersection of Liverpool’s thriving retail, office and innovation districts, the site benefits from significant planning potential across residential, leisure, commercial and cultural sectors.

“Liverpool city centre has undergone a remarkable transformation in recent years, driven by significant inward investment, and this landmark asset is now poised to be reimagined for the next generation, reflecting the continued regeneration and growth we’re already seeing across the wider city region.”

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